By Lisa Kerner
Charlotte, N.C., Dec. 20 - Statnett SF formalized and signed its previously announced agreement to place $330 million of notes in the U.S. private placement market.
The notes will be issued in three tranches:
• $80 million of 15-year notes;
• $220 million of 20-year notes; and
• $30 million of 30-year notes.
Closing is expected to occur in January 2013, according to a company news release.
Statnett, an electricity distribution company based in Oslo, announced the placement in November.
| Issuer: | Statnett SF
|
| Issue: | Notes
|
| Amount: | $330 million
|
| Distribution: | Private placement
|
|
|
| Tranche 1
|
| Amount: | $80 million
|
| Maturity: | 15 years
|
|
|
| Tranche 2
|
| Amount: | $220 million
|
| Maturity: | 20 years
|
|
|
| Tranche 3
|
| Amount: | $30 million
|
| Maturity: | 30 years
|
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